Cemex, Eagle Materials announce $665M Kosmos Cement asset deal

Sources: Cemex S.A.B. de C.V., Monterrey, Mexico; Eagle Materials Inc., Dallas; CP staff

The latest measure narrowing the Cemex USA portfolio to concrete, aggregate and cement operations in coastal or southern border states will see an asset sale involving Kentucky’s Kosmos Cement Co., seven distribution terminals plus raw material reserves to Dallas-based Eagle Materials Inc. As a 75/25 partner with Buzzi Unicem S.p.A. in Kosmos Cement, whose Louisville flagship has a 1.7-million ton/year capacity, Cemex will realize an estimated $499 million from the transaction. 

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